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Public Sector Deficit
(redirected from Government deficit)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
Public Sector Deficit
A situation in which government spending of money exceeds taxes collected. That is, a public sector deficit occurs when a government spends more than it receives in a given period of time, usually a year. The deficit adds to the government's debt, and, therefore, many analysts believe that public sector deficits are unsustainable over the long-term. See also: Surplus.


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8 percent general government deficit is achievable in 2010," Morsink said.
4, 2009): The Caymans, an overseas territory which is domicile to most of the world's hedge funds, failed to gain approval from the UK a week earlier to extend its borrowing to plug a government deficit of US$82 million.
Summary: The UK Public Sector Net Borrowing report is expected to show that the government deficit expanded by a whopping 17.
 
 
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